December 16 , 2017

Workforce Planning

Workforce Planning Is Hot; Are You Lagging Behind?

What’s hot in talent management changes quite often.  Right now, there’s no hotter topic within the talent management community than workforce planning. The reasons are simple: with the current economy driving revenues down dramatically, many senior executives are examining how to plan ahead in order to increase their firms’ capabilities, reduce costs, and survive the economic chaos likely to continue ... Read More »

Succession Planning: Why Recruiting Needs to Focus on Internal Movement (Part 1 of 2)

What is Succession Planning? Organizations use succession planning to help mitigate the risk of a vacancy occurring in key management and leadership roles that could impact the organization’s ability to perform. In more strategic organizations, the scope of succession planning is expanded to include high-impact and mission-critical roles throughout the organization. The activity looks at talent within (and in a ... Read More »

Succession Planning: Why Recruiting Needs to Focus on Internal Movement (Part 2 of 2)

Part B: Plan Output or Success Measures Group 3 – Output measures of plan success The best plans have goals (and measures) that cover each of these areas: Percentage of all management positions filled by internal candidates (this is the broadest measure of development success because it covers all management and leadership positions). A high rate of internal placement (vs. ... Read More »

Are You Prepared For a Jobs Depression?

Most fear to even to use the word “depression,” but now is the time for corporate HR to begin thinking about such an eventuality. As most people know, there are two key economic drivers that impact our economy: 1) productivity (product and service output) and 2) employment. The government has done a great deal recently to boost the productivity (output) ... Read More »

Using a Contingent Workforce Strategy to Avoid Layoffs

When economic times are volatile and businesses are facing a downturn in revenue, many CFOs turn their attention to cost-containment. A logical place to start cutting costs is labor, given that in many industries labor costs account for an average of 60% of all variable costs. The volatility in the business climate not only dictates that labor costs be contained, ... Read More »

Workforce Planning: Preparing For the Next Economic Downturn

The Downturn is Coming, But When? Many HR individuals I’ve met do not even like to discuss the topic of economic downturns. I presume this avoidance is based on the premise that even “talking” about them somehow will make them happen. Unfortunately, the consequences of not discussing or preparing for downturns might mean that the disruption to the company will ... Read More »

Workforce Planning: Now Is the Time to Upgrade Your Plan

Most of us have read about upcoming workforce trends like decreasing employee loyalty, differing generational expectations, and the impending retirement of the baby boom generation, but surprisingly few organizational leaders are fully aware of how those issues will impact them. Several of the organizations I have worked with in recent years have discovered aspects of their business that could lose ... Read More »

What Separates Great Workforce Planning From an Average Effort? Part 2 of 2

In Part 1 of this article, I outlined the first six of 13 key factors that differentiate great workforce planning efforts from mediocre workforce planning efforts. Here are the remaining seven points to note. Factor #7   Demonstrate the likelihood that your recommended actions will actually work. In addition to designating an action plan for each forecasted issue, workforce-planning efforts ... Read More »

What Separates Great Workforce Planning From an Average Effort? Part 1 of 2

Few would argue that workforce planning is not a hot topic these days. Just five short years ago, it was nearly impossible to find a titled role for workforce planning in corporate America. Yet today, more than 54% of the Fortune 100 have dedicated FTEs to the activity.   Even more impressive is the fact that the growth in the ... Read More »

Strengthening Your Leadership Bench with External Succession Planning

Lack of Leadership Bench Strength: A Growing Problem As the second phase of the War for Talent slowly builds momentum, more and more firms are going to experience havoc directly related to the absence of leadership bench strength. The problems that have crippled smaller firms historically will establish a footing in every major enterprise, as the competition for management and ... Read More »